ECB Will Become Euro-Area Bank Supervisor

European Union finance ministers agreed to put the European Central Bank in charge of all euro-area lenders in a deal that paves the way for the currency bloc’s firewall fund to provide direct bailouts to banks.

Why Some Consider the New Crisis to be European Banks
11:20 - European lenders have so much access to funding that worries about the failure of a large global bank haven’t kept Goldman Sachs Group Inc. from dealing with them, Chief Executive Officer Lloyd Blankfein said. “By and large, we haven’t been that worried about the big global banks, but I won’t write a blank check on that,” Blankfein said Tuesday at an investor conference in Miami. Alvine Capital Management Investment Committee Chairman Stephen Isaacs discusses the outlook of the European banking sector with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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